As Singapore’s fintech ecosystem continues to grow, Australian-born global fintech leader Airwallex is stepping up its efforts to give back.
Through Airwallex Impact, the company is strengthening its social impact by supporting startups, driving innovation, and promoting philanthropy in Singapore and beyond.
Make philanthropy a priority
air wallex joined the Pledge 1% Movement In November 2024, we will donate 1% of our stock, worth more than $56 million, and 1% of our employees’ time, profits and products to community and philanthropic causes.
With this sustainable model, Airwallex’s growth is directly tied to its ability to contribute to society.
Additionally, Airwallex is strengthening its Airwallex for Startups program, which aims to enable startups to grow and expand their businesses effectively.
This program was first launched in Hong Kong In 2023, we will be performing live in Singapore and Australia.
To date, more than 2,000 startups have benefited from benefits such as networking events, partner offers, and mentorship.
Supporting Singapore’s thriving startup ecosystem
Singapore’s strategic location and robust fintech environment make it an ideal hub for innovation.
Airwallex’s work in Singapore reflects recognition of the city-state’s vital role in fostering entrepreneurship.
of Singapore Fintech Association (SFA) welcomes the launch of Airwallex Impact.
“We are encouraged by the global launch of Airwallex Impact and are particularly committed to committing to giving at least 1% to corporate philanthropy through a sustainable model.”
SFA President Shadab Tayabi said:
This month, Airwallex awarded the first S$10,000 Level Up Business Grant to Nalini Veeragahanta, co-founder and COO of Airwallex. natural objectsis a promising Singapore-based startup that integrates services that integrate nature into urban environments for the well-being of humans and spaces.
Veeraghanta won the grant after competing against eight other finalists in front of a panel of judges from the Singapore FinTech Association (SFA), Tin Men Capital, iGlobe Partners and Airwallex.
“We will use this grant to build a prototype IoT sensor to measure plant humidity and soil moisture levels,” said recipient Veeraganta.
This initiative reflects her dedication to sustainable and innovative solutions, as well as Airwallex Impact’s broader goals.
By providing direct support to entrepreneurs like Veeraghanta, Airwallex provides startups with essential access to the capital, tools, and networks they need to scale their businesses and take them to the next level of growth. Masu.
Build a culture of giving
In addition to financial contributions, the Airwallex Impact program also encourages employees to contribute through their time and expertise.
From 2025, all Airwallex staff of over 1,600 will volunteer three days a year.
You can spend 2 days supporting the Airwallex Impact initiative and 3 days supporting a non-profit organization of your choice.
This builds on Airwallex’s track record of empowering communities.
Through initiatives such as AI Build Club and a mentoring program with Australia’s Techstars, Airwallex has supported underrepresented founders and helped startups overcome technology and innovation barriers.
Airwallex CEO and co-founder Jack Zhang emphasized the importance of giving back.
“Airwallex employees are some of the brightest and boldest in a variety of fields. Their expertise is core to our growth, and the learnings they have accumulated as part of a fast-growing startup are invaluable.
Even more than starting our own company, there is great reward and joy in paying it forward to help the entire ecosystem thrive. ”
Empowering communities through education and innovation
Airwallex’s philanthropy began in 2022 with an official partnership with the University of Melbourne, which provides scholarships to students from diverse backgrounds.
In addition to financial support, this partnership has provided mentoring and internship opportunities, helping students gain valuable skills and real-world experience.
Airwallex Impact aims to expand these efforts to Singapore and the rest of the world, supporting talented students striving to become tomorrow’s technology leaders.
Starting in mid-2025, Airwallex will also offer discounted products to select nonprofits, giving them access to cutting-edge fintech tools at a low cost.
It is designed to help nonprofit organizations maximize their impact using the best technology available.
A shared vision for Fintech Excellence
Airwallex’s efforts are in line with Singapore’s vision to foster innovation, inclusivity and sustainability.
“We are thrilled that Airwallex, the Australian-born startup turned global unicorn, has launched Airwallex Impact. This growth will help Airwallex’s corporate philanthropy drive to foster a more inclusive and sustainable world. becomes official.
Airwallex’s continued expansion, particularly across South East Asia, aligns with Austrade’s mission to support Australian businesses. We are proud of their global success and look forward to seeing the power of Airwallex Impact. ”
said Austrade.
The road ahead
Airwallex Impact is more than just a philanthropic program, it’s a long-term plan to embed social responsibility into the company’s operations.
This approach sets a new standard for the fintech industry and shows how business success and community support can go hand in hand.
As Airwallex expands its presence in Singapore and the region, we will continue to drive positive change with a focus on supporting startups, fostering innovation, and giving back.
“By leveraging a strong ecosystem and support from fellow innovators, fintech has the ability to be a force for good,” Tayabi added. “We look forward to seeing more like-minded companies embark on such initiatives and will continue to help build a strong ecosystem where everyone can thrive.”
Airwallex’s efforts reflect a new chapter in purpose-driven growth, where innovation and social impact come together to create meaningful, long-term value.
